Hope rises for Urenco sale as Canadian firm hires advisers

CANADIAN energy firm Capeco is believed to have hired Goldman Sachs to advise it on a possible bid for a stake in state-owned nuclear energy group Urenco.

The UK government has been mulling the sale of its one-third stake in Urenco for over a year, while Germany and the Netherlands have also floated the idea of selling off their holdings.

Any sale must take into account international laws designed to prevent the proliferation of nuclear weapons.

The interest from Canada, reported by Sky News, comes just weeks after responsibility for the sale shifted from the Department of Energy and Climate Change to Business, Innovation and Skills.

A spokesperson for Capeco said in a statement: “As one of the world’s leading uranium producers, we are often associated with speculation about various business deals. If we finalize any material agreement, we will issue a news release consistent with our disclosure requirements as a publicly traded company.”